Banking and Finance: Simple economics
Forthcoming legislation covering the Italian financial services market could allow its banks to issue covered bonds, radically altering the way in which they finance themselves. Filippo Pingue reports
In a new initiative that could facilitate the development of a market allowing banks to finance themselves on better terms, Italian banks may soon be able to issue covered bonds. If the proposed new legislation is passed, Italy will follow at least 12 other countries in Europe that have adopted new legislation or adapted existing legislation to the same end.
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